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China Pauses RWA Tokenization Amid Digital Asset Surge

9/23/2025

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Story summary
  • CSRC advised Chinese brokerages to pause RWA tokenization in Hong Kong amid digital-asset developments.
  • RWA tokenization turns traditional assets into blockchain tokens for easier trading and fractional ownership.
  • Hong Kong aims to be a digital-asset hub, with regulatory reviews and stablecoin initiatives attracting 77 firms.
  • Global RWA market is projected to exceed $2 trillion by 2030, while brokerages' shares fluctuate.